Millennium Group International Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Millennium Group International Holdings has a total shareholder equity of $31.0M and total debt of $5.6M, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are $43.6M and $12.6M respectively.
Key information
18.0%
Debt to equity ratio
US$5.58m
Debt
| Interest coverage ratio | n/a |
| Cash | US$13.47m |
| Equity | US$31.05m |
| Total liabilities | US$12.59m |
| Total assets | US$43.64m |
Recent financial health updates
Recent updates
Millennium Group International Holdings Limited's (NASDAQ:MGIH) Shares Climb 88% But Its Business Is Yet to Catch Up
Dec 27
Subdued Growth No Barrier To Millennium Group International Holdings Limited (NASDAQ:MGIH) With Shares Advancing 88%
Dec 27Health Check: How Prudently Does Millennium Group International Holdings (NASDAQ:MGIH) Use Debt?
Nov 01Investors Don't See Light At End Of Millennium Group International Holdings Limited's (NASDAQ:MGIH) Tunnel And Push Stock Down 35%
Apr 04Millennium Group International Holdings Limited's (NASDAQ:MGIH) 161% Price Boost Is Out Of Tune With Revenues
Feb 13Millennium Group International Holdings Limited's (NASDAQ:MGIH) Shares Climb 42% But Its Business Is Yet to Catch Up
Dec 13Financial Position Analysis
Short Term Liabilities: MGIH's short term assets ($27.8M) exceed its short term liabilities ($12.1M).
Long Term Liabilities: MGIH's short term assets ($27.8M) exceed its long term liabilities ($456.9K).
Debt to Equity History and Analysis
Debt Level: MGIH has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MGIH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MGIH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MGIH's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 06:45 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Millennium Group International Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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